India’s core sector growth slowed to 2.4% in December 2014, compared to 6.7% in November 2014 and 4% in December 2013.
Cement production was up 3.8%, compared to 11.3% growth in November. Coal output growth came in at 7.5% in December, down on the 14.5% growth recorded in November 2014. Meanwhile, steel output declined by 2.4%, following positive growth of 1.3% in November 2014 and 10.4% in December 2013.
Electricity generation grew by 3.7% in December. Although positive, the pace of growth was slower than the preceding month of November (11.3%) and the corresponding month in 2013 (7.6%). Crude oil, natural gas and fertilizers contracted by 1.4%, 3.5% and 1.6%, respectively, during the month. The final sector of the eight core industries – petroleum and refinery products – experienced growth of 6.1%.
Edited from various sources by Louise Fordham
Read the article online at: https://www.worldcement.com/asia-pacific-rim/02022015/core-sector-growth-slows-in-india-december-2014-255/